https://www.taxtmi.com/caselaws?id=780350 ITAT CHENNAI - AT allowed the assessee's appeal, holding that denial of exemption u/s.11 solely for delayed filing/upload of audit report in Form No.10B or for a mis-stated return entry was impermissible. The Tribunal held the requirement to file Form No.10B with the return is directory not mandatory; substantive conditions for exemption satisfied cannot be defeated by procedural/technical lapses. CPC and JCIT(A)'s denial of exemption was set aside and the assessee's claim under s.11 was restored. en-us Thu, 09 Oct 2025 00:00:00 +0530 Wed, 29 Oct 2025 08:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780350 ITAT CHENNAI - AT allowed the assessee's appeal, holding that denial of exemption u/s.11 solely for delayed filing/upload of audit report in Form No.10B or for a mis-stated return entry was impermissible. The Tribunal held the requirement to file Form No.10B with the return is directory not mandatory; substantive conditions for exemption satisfied cannot be defeated by procedural/technical lapses. CPC and JCIT(A)'s denial of exemption was set aside and the assessee's claim under s.11 was restored. Case-Laws Income Tax Thu, 09 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780350